Core CPI (MoM) (Feb) +0.4% vs +0.3% Est.
Portfolio Pulse from Benzinga Newsdesk
The Core Consumer Price Index (CPI) for February increased by 0.4%, surpassing the estimated 0.3%. This indicates a higher than expected inflation rate.
March 12, 2024 | 12:30 pm
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The SPDR S&P 500 ETF Trust (SPY) may experience volatility due to the higher than expected Core CPI data for February, indicating increased inflation.
Higher than expected inflation rates, as indicated by the Core CPI data, can lead to concerns about economic stability and monetary policy tightening. This can result in increased market volatility and potentially negative impacts on stock prices, including those within the SPY ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80